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Office buildings
KY
Lexington
40505
1018 New Cir Rd

1018 New Cir Rd Lexington, KY 40505-4145

OFF-MARKET Office buildings Google Maps

21,928 SF 0.69 ac lot Built 1966

Entity Owned 3-yr Hold ~ Est. High Equity

Estimated value (blended)

$1.37M

Range $1.23M – $1.51M (±10%)

Property ID US34-0557867

This exceptional office space, located at 1018 E New Circle Rd, Lexington, KY 40505, offers a fantastic opportunity for businesses seeking flexible and affordable solutions. The property totals 2,199 square feet and is a traditional office building with multiple tenancies available. Six individual office spaces are currently available, ranging in size from a minimum of 100 square feet to a maximum contiguous space of 310 square feet. Currently, 1,399 square feet are vacant, providing ample opportunity for expansion or multiple tenants. The building features a reception area and three offices, offering a well-structured layout suitable for various business needs. Each space is available for lease at a monthly rate of $1150, inclusive of all basic utilities, making it a cost-effective option. The property's convenient location on E New Circle Road provides excellent accessibility and visibility. This is an ideal location for businesses seeking a professional and functional workspace in Lexington, Kentucky. Contact us today to schedule a viewing and secure your ideal office space.

Property type Office buildings

Use group OFFICE BUILDING

Year built 1966

Total area 21,928 SF

Lot 0.69 ac (30,183 SF)

Zoning code B-3

APN 15196500

UPID US34-0557867

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Alternative Medicine Practice Spa & Massage Center
Physician
Rehabilitation Center
(Bike/Boat/Book/etc) Store
Counselor Doctor

AI Approach AI

by Request

CAP Approach CAP

by Request

Comparable Approach Comparable

$1.89M

Blend (final) Blend

$1.37M

since 2022

Last sale

$1.0M

2 recorded transactions

2022

$1.0M

2017

$640,000

Zoning description

ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (…

General category COMMERCIAL

Comparables

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